SRS slumps nearly 40% on bourses in debut trade
Shares of SRS Ltd, a company into cinema exhibition, food and retail, got listed at Rs. 55 a piece on the Bombay Stock Exchange on Friday, 5.17 per cent lower than their issue price of Rs. 58 per share. However, in sharp contrast, the stock listed at Rs. 68 on the National Stock Exchange, 17.24 per cent higher than the issue price. However, within minutes, More...
Gold futures fall on weak global cues, less demand
Gold prices fell by 0.82 per cent to Rs. 27,246 per 10 grams in futures trade on Friday, as speculators offloaded their positions, tracking a weak trend in the global market and fall in domestic demand. Trading More...
SC agrees to hear bail pleas of four Satyam fraud accused
The Supreme Court on Friday agreed to hear the bail pleas of four of the accused arrested for their alleged roles in the multi-crore Satyam accounting fraud and issued notice to the CBI. A bench of justices Dalveer More...
Sebi imposes Rs. 150 charge on new MF investments
Market regulator Sebi today said new investors will now have to pay an extra Rs. 150 for investment of Rs. 10,000 and above in mutual funds, while the charge will be Rs. 100 for existing investors. “In order More...
Mahindra Satyam faces Rs. 2,114-crore tax demand
The Income Tax Department has slapped a tax demand of Rs. 2,114 crore on Mahindra Satyam (erstwhile Satyam Computer Services), after disallowing exemptions claimed by the company. “The company has received More...
GVK buys Siemens’ 14% stake in Bangalore airport
GVK Power and Infrastructure today announced acquisition of an additional 14 per cent holding in Bangalore International Airport (BIAL) from its partner Siemens Project Ventures for Rs. 620 crore, to become the More...